Buying a Hilton Head Island short sale lot is a great option if you are planning to build in the next 3 to 5 years and you want to incorporate special features in your Island home. Most Hilton Head short sale lots that are for sale are well below their 2007 values, so buying a lot establishes your Island ownership without the full financial commitment until you’re ready to build your home.

Today, it is not as easy to finance a lot as it was before 2008. If you want to finance a lot purchase, plan to offer a 20% to 35% down payment. There are also many good deals out there if you have the money to pay cash. If the property that you are interested in is a short sale and you are willing to wait for the banks to negotiate through their process, being a cash buyer can work in your favor most of the time..